Wednesday, March 23, 2016

Trump And Sanders Are Spreading Bull About China

Leading GOP presidential candidate Donald Trump has made it clear that, when it comes to China, he’s very much in sync with socialist Democrat Bernie Sanders.

Trump says that trade deals with China “have driven down wages and caused the loss of millions of jobs. If corporate America wants us to buy their products, they need to manufacture those products in this country, not in China or other low-wage countries.”

Sanders says that, if president, he will make sure that any trade deals with China “serve the interests of American workers — not Wall Street insiders that want to move U.S. manufacturing and investment offshore.”

But no matter, since they’re both wrong, as an in-depth piece in the New Yorker makes pretty clear.

Former editor-in-chief of the International Business Times Jeffrey Rothfeder explains that — despite all the rhetoric about how China is killing us — factory jobs have been increasing in the U.S., “and many of these new jobs are coming back to North America from China, which is struggling to maintain its manufacturing capacity.”